Npower, one of the "big six" retail energy suppliers in the U.K., plans to cut 900 jobs to reduce costs (an approximately 15% reduction).

The company cited "an incredibly tough" retail energy market for the cuts

“Ofgem itself forecasts that five of the Big Six energy companies will make a loss or less than normal profits this year due to the implementation of the price cap, and with several recent failures of new energy suppliers, it is clear that many have been pricing at levels that are not sustainable,” npower chief executive Paul Coffey said.

See the BBC for more